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Originally posted by Sajjad1994 on 31 Mar 2020, 08:49.
Last edited by BottomJee on 16 Nov 2023, 11:06, edited 2 times in total.
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The venn diagram at the left shows the number mix of employees in the 500 member investment firm. Employees who did not go to college and have a track record of 5 years of positive returns are considered "Street-Smart" employees. Employees who did go to college and achieved 5 years of positive returns are considered "Book-Smart" employees.
Fill each blank using the drop-down menu to create the most accurate statement on the basis of the information provided.
1. The number of college graduates who failed to achieve 5 years of positive returns is more than the number of Street-Smart employees.
2. True or False: There is a lower probability that a randomly chosen employee is considered a Book Smart employee than is one who does not have a college degree who is also not considered a Street Smart employee .
1)A,since number of college graduates who failed to achieve 5 years of positive returns = 7*20=140 And the number of street smart employees are 4*20= 80 So the difference between both of them is 60
2) A,Since Probability of book smart = 120/500=0.24 Probability of one who does not have a college degree who is also not considered a Street Smart employee= 160/500=0.32,so here since 0.24<0.32,so the statement is true.
MartyMurrayKarishmaBchetan2u , Can you please tell me why number of college graduates who failed to achieve 5 years of positive returns = 7*20=140 ? I thought it would be (500 - 200 ) = 300 as 200 are the number of people who were able to achieve 5 years of positive return. Please let me know what I am missing here.
MartyMurrayKarishmaBchetan2u , Can you please tell me why number of college graduates who failed to achieve 5 years of positive returns = 7*20=140 ? I thought it would be (500 - 200 ) = 300 as 200 are the number of people who were able to achieve 5 years of positive return. Please let me know what I am missing here.
(1) No. of student outside circle "NO COLLEGE" is considered "COLLEGE GRADUATES" means total =13 (2) But, as there is total of 6 $'s (inside 5 yrs positive return circle) and 7 $'s outside both circle we have to exclude those 6 nos of $'2 inside return circle to get total of 7 nos $'s So:= 7*20 (as 1$ = 20 ) 140
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